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Home Business

German tool maker Hoffmann looks to Libyan market

byMichel Cousins
February 2, 2014
Reading Time: 1 min read
A A

By Michel Cousins.

Tripoli, 2 February 2014:

Maltese engineering services company Motherwell Bridge has been appointed representative in Libya and Malta for German . . .[restrict]tool-maker Hoffmann Group.

For Hoffman, which last year increased its turnover last year by 10 percent to almost €1 billion, this is its first venture into the Libyan market. 

Under Libyan regulations, non-Libyan firms cannot act as agents for a foreign company.  However, that does not apply in this case as Motherwell Bridge, through its involvement in Malta-based Hili Company, has a local Libyan partner and a local office in Janzour. 

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Munich-based Hoffmann makes some 55,000 different types of tools and machinery from small screwdrivers to highly specialised industrial and pharmaceutical tools and workshop accessories.

The company sees Libya as a “market opportunity” which it wants to develop. [/restrict]

Tags: Hofmann GroupLibyaMaltaMotherwell Bridge

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